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In weekly, inv HnS pattern formed, then breakout with good volume, strong base is formed, and price reversal is complete. also horizontal resistance broken with good volume, 1st tgt - 76, 2nd tgt - 90, sl - 53
NCC ltd seems to be gearing up for a big upside move as seen on the monthly 5 year chart. The chart structure on log scale looks like a "V" shaped Cup n handle pattern and the neckline is around 118-119 levels. After failing to breach resistance level of 118-119 in April 2015 it underwent a correction and found support at 55 level, post which it has been making...
260 is a very strong support and one can expect the fall if any to continue to that level but if the stock enters the channel we can expect a reversal and the stock can give a lifetime breakout above 290 and lifetime breakout above 305 so one needs to keep an eye on this stock.
In daily, price broke out of overhead resistance with good volume, also it closed above upper BB and BB is expanding, sign of bullishness. sl - 285, tgt - 362
In weekly, price broken out of horizontal resistance/parallel channel, also it closed above upper BB and BB is expanding, sl - 615, tgt1 - 720, tgt2 - 740
in daily, price broke out with good volume, after consolidating in a horizontal channel, also BB is expanding. in weekly, after a BB squeeze, price closed above upper BB, and BB is expanding.https://in.tradingview.com/x/fxIlBukX/ Also it broke the resistance zone after a long consolidation.https://in.tradingview.com/x/RXizbYav/ with a sl - 492, 1st tgt - 565,...
Fresh breakout of resistance line - Ascending Trending line Target & SL Explained in the chart
JPASSOCIAT has been doing terrific lately. From the looks of it, it is just getting started! This stock has been in a sustained downtrend followed by a long consolidation. It is finally looking to break out on the upside by a big margin. The short term target is 24 at least. Medium term 40. Long 50 at least. We may want to look for a slight correction only because...
If breakout happens target will be 175/180/190+ whereas SL will be 160 .. wait for clear trend direction... :D Note: Do your own study before making any position... Please Like, Follow and Comment your views below...
You could call it and Inverted H&S breakout or even a Rounding Bottom/Cup and Handle Breakout. Target 1 is given as immediate resistance Target 2 is given as height of the bottom to breakout / height of the head. Trail SL once T1 is achieved. R/R ratio looks great. Let's make some money! Happy Trading.
it has been observed in weekly chart, stock is near to BO medium term trend line. find a good opportunity for short term investment.
After a strong weekly breakout from the strong support levels of 600-610, it confirmed the continuation of a downtrend. It has retraced back to the previous support and now the support levels are acting as new resistance levels. I believe now the price action shall go down to the next support levels at around 475 levels. It is an ideal time to short with stop loss...